US Oil - is the bearish move still valid ?
Hey all,
On a montlhy chart, prices are giving a bearish signal with a cross of EMA, on the MACD indicator.
This bearish signal open a wider window for a more important retracement. First target is located at 73$, flat of monthly Kijun. Then, 70$ with the golden ratio of Fibonacci extension.
On short term the situation is definitely bearish, with prices below the daily cloud.
Let's see how it goes !
On a montlhy chart, prices are giving a bearish signal with a cross of EMA, on the MACD indicator.
This bearish signal open a wider window for a more important retracement. First target is located at 73$, flat of monthly Kijun. Then, 70$ with the golden ratio of Fibonacci extension.
On short term the situation is definitely bearish, with prices below the daily cloud.
Let's see how it goes !
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.